The Interchange Fee Regulation (IFR)

The IFR is European Union (EU) legislation that took effect on 8 June 2015 and brought major changes to the way UK card schemes (such as Visa and Mastercard) operate, most notably by introducing a cap on certain interchange fees applicable to payment cards.

The Treasury designated us as the lead competent authority for the IFR in the UK in the Payment Card Interchange Fee Regulations 2015.

Find out more

Click the links below to learn more about the IFR and how it affects people and businesses.